Pub. L. 100-242, tit. V, subtit. A, sec. 518

REHABILITATION LOANS.

EnactedYear: 1988Length: 137 wordsOfficial source
SEC. 518. REHABILITATION LOANS. (a) Extension of Loan Authority.— Section 312(h) of the Housing Act of 1964 is amended by striking “March 15, 1988” and inserting “September 30, 1989”. (b) Prohibition of Certain Fees.— Section 312(g) of the Housing Act of 1964 is amended by adding at the end the following new sentence: “No risk premium or loan fee may be imposed by or for the Secretary or any other Federal agency on or with respect to a loan made under this section after the date of the enactment of the Housing and Community Development Act of 1987.”. (c) Prohibition of Loan Sales.— Section 312 of the Housing Act of 1964 is amended by adding at the end the following new subsection: 101 STAT. 1938 “(1) The Secretary may not sell any loan made under this section.”.
Pub. L. 100-242, tit. V, subtit. A, sec. 518: REHABILITATION LOANS. | Justis AI